Average Banks Saving Deposit Rates in 2013
We present Average Banks Saving Deposit Rates in 2013 in Singapore to help you make your money work harder for you at Singapore Savings Account Rates in 2014.
Singapore Average Banks Saving Deposit Rates in 2013 are presented for personal information.
Average Banks Saving Deposit Rates in 2013 by Month:
Period / Banks Saving Deposits
2013
Jan 0.11
Feb 0.11
Mar 0.11
Apr 0.10
May 0.10
Jun 0.10
Jul 0.10
Aug 0.10
Sep 0.10
Oct 0.10
Nov 0.10
Dec 0.10
Figures refer to average rates compiled from that quoted by 10 leading banks and finance companies.
If you kept your investments in bank savings account deposits in 2013, you earned interest at the rate of 0.10 to 0.11 % p.a. on your money kept in the bank.
This rate of return is much better than holding your money in cash and hidden under your pillow.
Unlike fixed deposits, you can withdraw and use your money kept in the saving deposit account at any time, without incurring a financial penalty.
Unlike stocks investments, the value of your saving deposit account money will not drop like a roller coaster during economic disasters.
For each bank, your bank saving deposits are guaranteed as they are insured for up to $50,000.00 by the Singapore Government.
So well done on choosing saving deposit accounts as your preferred choice of financial investment.
Rates are subject to change without prior notice at discretion of the bank entity or finance company in 2014 and beyond. You should assess the suitability of these financial products based on your personal financial investment objectives.
Keep reading Singapore Savings Account Rates, for new information on financial savings accounts in Singapore.
The Team
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